Prior to 12/31/18, Maxwell Company provided for uncollectible accounts using the allowance method, but used the income statement approach for recording estimates of uncollectible accounts, accordingly, Maxwell did not adjust the balance in the Allowance account at year end At 1/1/18, Maxwell Company had $120,000 cr. in the Allowance for doubtful accounts. During 2018, credit sales totaled $8,000,000, and over the year, provisions of $160,000 (2% of credit sales) were added to the Allowance. In addition, $100,000 of bad debts were written off, and recoveries of accounts previously written off amounted to $15,000 For the first time, at 12/31/18 Maxwell prepared an aging of its accounts receivable. Asummary of this aging, along with estimates of collectability for each categorv, is as follows Estimated % Classification by month of saleBalance of A/R November-December 2018 July-October January-June Prior to 1/1/18 Uncollectible 1,080,000 650,000 420,000 150.000 2% 10% 25% 90% Based on the review of collectability of the account balances in the "prior to 1/1/18" aging category, additional receivables totaling $70,000 were written off at 12/31/18. The 90% uncollectible estimate was applied to the remaining balance in the category in making the adjusting entry. As of the year ended 12/31/18, Maxwell adopted the balance sheet method for estimating the Allowance for doubtful accounts as indicated in the year-end aging analysis Required: (a) Prepare a schedule analyzing the changes in the Allowance for doubtful accounts for the year ended 12/31/18. Show supporting computations (b) Prepare the adjusting entry needed for 2018 (c) Show how Accounts Receivable would appear on the Balance Sheet